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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Lease income $ 276,730 $ 222,552 $ 543,087 $ 497,089
Other property income 3,074 2,435 5,027 4,740
Management, transaction, and other fees 7,355 6,126 13,748 12,942
Total revenues 287,159 231,113 561,862 514,771
Operating expenses:        
Depreciation and amortization 74,217 85,058 151,476 174,353
Operating and maintenance 46,566 40,032 92,148 82,401
General and administrative 19,187 21,202 40,474 34,907
Real estate taxes 35,447 36,793 71,613 72,680
Other operating expenses 1,177 2,480 1,875 3,817
Total operating expenses 176,594 185,565 357,586 368,158
Other expense (income):        
Interest expense, net 35,812 40,375 72,748 77,811
Goodwill impairment       132,128
Provision for impairment of real estate 135 230 135 1,014
Gain on sale of real estate, net of tax (19,781) (7,448) (31,479) (45,453)
Net investment (income) loss (1,998) (4,359) (3,484) 564
Total other expense (income) 14,168 28,798 37,920 166,064
Income (loss) from operations before equity in income of investments in real estate partnerships 96,397 16,750 166,356 (19,451)
Equity in income of investments in real estate partnerships 435 2,824 12,101 14,242
Net income (loss) 96,832 19,574 178,457 (5,209)
Noncontrolling interests:        
Exchangeable operating partnership units (432) (87) (796) 28
Limited partners’ interests in consolidated partnerships (910) (441) (1,515) (1,105)
Income attributable to noncontrolling interests (1,342) (528) (2,311) (1,077)
Net income (loss) attributable to common stockholders $ 95,490 $ 19,046 $ 176,146 $ (6,286)
Income (loss) per common share - basic $ 0.56 $ 0.11 $ 1.04 $ (0.04)
Income (loss) per common share - diluted $ 0.56 $ 0.11 $ 1.04 $ (0.04)
Partnership Interest [Member]        
Revenues:        
Lease income $ 276,730 $ 222,552 $ 543,087 $ 497,089
Other property income 3,074 2,435 5,027 4,740
Management, transaction, and other fees 7,355 6,126 13,748 12,942
Total revenues 287,159 231,113 561,862 514,771
Operating expenses:        
Depreciation and amortization 74,217 85,058 151,476 174,353
Operating and maintenance 46,566 40,032 92,148 82,401
General and administrative 19,187 21,202 40,474 34,907
Real estate taxes 35,447 36,793 71,613 72,680
Other operating expenses 1,177 2,480 1,875 3,817
Total operating expenses 176,594 185,565 357,586 368,158
Other expense (income):        
Interest expense, net 35,812 40,375 72,748 77,811
Goodwill impairment       132,128
Provision for impairment of real estate 135 230 135 1,014
Gain on sale of real estate, net of tax (19,781) (7,448) (31,479) (45,453)
Net investment (income) loss (1,998) (4,359) (3,484) 564
Total other expense (income) 14,168 28,798 37,920 166,064
Income (loss) from operations before equity in income of investments in real estate partnerships 96,397 16,750 166,356 (19,451)
Equity in income of investments in real estate partnerships 435 2,824 12,101 14,242
Net income (loss) 96,832 19,574 178,457 (5,209)
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (910) (441) (1,515) (1,105)
Income attributable to noncontrolling interests (910) (441) (1,515) (1,105)
Net income (loss) attributable to common unit holders $ 95,922 $ 19,133 $ 176,942 $ (6,314)
Income (loss) per common share - basic $ 0.56 $ 0.11 $ 1.04 $ (0.04)
Income (loss) per common share - diluted $ 0.56 $ 0.11 $ 1.04 $ (0.04)